Looking just at Vandenberg Village home and condo sales, there were 72 sales in 2009. 59 were detached homes, and 13 were attached/condo dwellings. Prices ranged from a low of $137,000 for a 2 bedroom, 1 bath condo on Cassini Circle in Providence Landing to a high of $499,000 for a 3 bedroom 2 bath home in the Country Club area of the Village. The median list price was $312,000 in the Village, and the median sales price was $302,500. Nine of the sales were short sales, and 23 were bank owned foreclosures (REOs). So, “only” 44% of the sales in Vandenberg Village were foreclosure related, which is a lower percentage than when looking at the Lompoc CA market overall.
In general, the number of home/condo sales in Lompoc and Vandenberg Village is down from 2008, but the percentage of foreclosure sales is up. Buyers and sellers should keep in mind that throughout 2009, buyers experienced low inventory and bidding wars for foreclosure properties. And, it does not look like we are anywhere near finished with foreclosure activity in this market. If you would like a list of currently available short sale and foreclosure properties in the Lompoc CA and Vandenberg Village CA market, send an email request to me at tni@mintprop.com. You can search for foreclosures on my website: www.BuyCentralCoastForeclosures.com. Or give me a call at (805) 878-9879 and set up a buyer consultation today.
Tni LeBlanc, JD, M.A., e-PRO
Broker/Owner, Mint Properties
(805) 878-9879, tni@MintProp.com
www.iLoveLompoc.com
www.SellMyLompocHome.com
www.VAFBRealEstateSearch.com
*Based on the information from the Lompoc Valley MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.